Science · Politics · Literature · 1801–1850

Frédéric Bastiat

French economist who developed the concept of opportunity cost

Did you know?He is famous for the candlemakers' petition, a satirical argument against protectionism involving a request to block out the sun.

Claude-Frédéric Bastiat (French:; 30 June 1801 – 24 December 1850) was a French economist, writer, and prominent member of the French liberal school. A member of the French National Assembly, Bastiat developed the economic concept of opportunity cost and introduced the parable of the broken window.

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Age at death: 49
Years since death: 175

Born: June 30, 1801 · Bayonne, France
Died: December 24, 1850
Cause of death: Tuberculosis
Nationality: French
Known for: Science, Politics, Literature

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